ObamaAdministration

Obama Wants Small-Business Bill This Year

Seeking cooperation in a polarized climate, President Barack Obama called on Congress Tuesday to act quickly on bipartisan measures that would extend tax breaks for small businesses and help startup companies raise money. He said he would sign the legislation "right away."

Five Takeaways from the Debt Debate

As the debt-ceiling discussion winds down in Washington and everyone laments over the meaning and mutual downside of compromise, the economy is still in trouble. But we learned some lessons along the way. Here are some key points from the debacle.

Unemployed and Seeking Shelter from the Storm

The housing crisis continues unabated, and millions of unemployed Americans remain at risk of ending up homeless. But additional government help is arriving from the Obama administration, and nonprofit agencies are making a difference in the efforts of some families to get help from their lenders.

The Financial Landscape: Geithner Gossip Groundless

Citing unnamed sources, news outlets reported Thursday evening that Treasury Secretary Timothy Geithner might leave the Obama administration soon. In response to the rumors, Geithner insisted, "I live for this work.... I'm going to be doing it for the foreseeable future."

The Financial Landscape: Gas Is Falling; Euro is Failing

Even before the International Energy Agency and the White House announced they were releasing billions of gallons or oil from fuel reserves, gas prices were falling. In the past two weeks, a gallon is down more than 11 cents. Also falling -- hopes for the euro, and the outlook for U.S. Treasury bonds.

White House to Tap Strategic Petroleum Reserve

Describing the president as "deeply concerned" about the impact on global economic growth of oil supply disruptions in the Middle East and North Africa, the Obama administration announced it would release 30 million barrels of oil from the Strategic Petroleum Reserve over the next 30 days.

Wall Street May Be a Casualty of Debt-Ceiling War

Debt and government spending are firmly at the top of the new Congress's agenda. Just the threat that the U.S. wouldn't pay its bills has traders worried and wondering if the U.S. could end up on the same chaotic economic path taken by Greece or Spain.